Rapid Fire 2010-08-30: Does Insourcing Save Money?

Yellow Sea Exercises: The North Sea Fleet (Beihai Fleet) of the Chinese Navy plans to hold live-ammunition naval exercises, from Sept 1 to 4, in the Yellow Sea, located between the China coast and the Korean peninsula.

Set Them Free: Japanese advisory panel to the prime minister recommends lifting export ban on Japanese defense company so they can participate in international projects.

The US is using South Korean funds, originally contributed by Seoul to bolster joint defense capabilities, to pay for the $9.1 billion move of the US military headquarters from Seoul to Pyeongtaek, according to South Korean government sources quoted in JoongAng Daily.

Philippine President Aquino is proposing to spend 5 billion Philippines pesos ($111 million) on modernizing the country’s armed forces in FY 2011, including upgrading the air force’s fleet of S-211 jet trainers made by Italy’s Aermacchi.